You can do Reporting on SharePoint Lists with SQL Server Reporting Services 2005 quite easy.

1. Configure the Datasource with integrated Security
   
2. Define a query like

   <Query>
   <SoapAction>http://schemas.microsoft.com/sharepoint/soap/GetListItems</SoapAction>
   <Method Namespace="http://schemas.microsoft.com/sharepoint/soap/" Name="GetListItems">
   <Parameters>
   <Parameter Name="listName">
   <DefaultValue>SharePoint List Name</DefaultValue>
   </Parameter>
   </Parameters>
   </Method>
   <ElementPath IgnoreNamespaces="True">*</ElementPath>
   </Query>

3. Hit the "Field Refresh" Button to get the Field from your SharePoint List
   
4. Drag your Fields in the Report
5. Use the Code to eliminate "ID;#" and "<div>","</div>" from your Fields
   
   Use "=Code.CuttOff(Fields!ows_LinkTitle.Value)" in your Report to display your Fields